NOT LISTED FOR SALE
1 Bed
10 Baths
3,616 Sq Ft
6,532 Sq Ft Lot

Sale Details

Date Sold: December 3, 2025

Last sale price $1,600,000 $442 Per Sq Ft

56 Days on Market

Highlights

  • Laundry Facilities
  • Wall Furnace
  • 1-Story Property
  • Long Beach Polytechnic High School Rated A

About This Home

As of December 2025

Now available in one of Long Beach’s most affordable and high-demand rental neighborhoods, this charming 10-unit Spanish-style apartment building offers a rare blend of character and cash flow. The property features (9) studio units and (1) 1-bedroom/1-bath unit along with a convenient on-site laundry room. With a strong annual gross income of $187,260 and an attractive 6.2% cap rate, this asset presents an excellent opportunity for investors seeking stable returns in a supply-constrained rental market. 4 of the units currently pay RUBS which generates $490/mo. Don’t miss this chance to own a classic, income-producing property in a thriving Long Beach location.

Last Agent to Sell the Property

Cody Charnell

Sage Real Estate Group, Inc. Brokerage Phone: 562-896-3851 License #01950585 Listed on: 07/14/2025

Last Buyer's Agent

Austin Carr

Realty One Group United License #01986298

Realty One Group United
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Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1923

Lot Details

  • 6,532 Sq Ft Lot
  • Two or More Common Walls
  • Density is 6-10 Units/Acre

Home Design

  • Apartment
  • Entry on the 1st floor

Interior Spaces

  • 3,616 Sq Ft Home
  • 1-Story Property

Bedrooms and Bathrooms

  • 1 Bedroom
  • 10 Bathrooms

Utilities

  • Wall Furnace

Listing and Financial Details

  • Tax Lot 10
  • Tax Tract Number 3794
  • Assessor Parcel Number 7261015012
  • $1,619 per year additional tax assessments

Community Details

Overview

  • 10 Units
  • Poly High Subdivision

Amenities

  • Laundry Facilities

Building Details

  • Rent Control
  • 1 Separate Electric Meter
  • 1 Separate Gas Meter
  • 1 Separate Water Meter
  • Gardener Expense $960
  • Insurance Expense $12,000
  • Maintenance Expense $7,500
  • Pest Control $960
  • Professional Management Expense $10,520
  • New Taxes Expense $20,875
  • Operating Expense $74,670
  • Gross Income $183,780
  • Net Operating Income $103,521

Property Details

Home Type

Multi-Family

Year Built

Built in 1923

Lot Details

6,532 Sq Ft Lot

Listing Details

  • Standard Status: Closed
  • CapRate: 6.20
  • Professional Management Expense: 10520.00
  • Property Attached: Yes
  • Subdivision Name Other: Poly High (PH)
  • Zoning: LBR2N
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Gardener Expense: 960.00
  • Parcel Number: 7261015012
  • Year Built: 1923
  • Special Features: None

Interior Features

  • Stories: 1
  • Common Walls: 2+ Common Walls
  • Entry Level: 1
  • Levels: One
  • Price Per Square Foot: 442.48

Exterior Features

  • Pool Private: No

Garage/Parking

  • Parking: No

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Wall Furnace
  • Laundry Features: Common Area
  • Pest Control Expense: 960.00
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Curbs, Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 6-10 Units/Acre
  • Lot Size Sq Ft: 6532.00
  • Lot Size Acres: 0.1500

Multi Family

  • Gross Income: 183780.00
  • Gross Multiplier: 8.92
  • Gross Scheduled Income: 187260.00
  • Insurance Expense: 12000.00
  • Laundry Equipment Own Lease: Own
  • Lot Size Area: 6532.0000 Square Feet
  • Maintenance Expense: 7500.00
  • Net Operating Income: 103521.00
  • Number Of Separate Electric Meters: 1
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 10
  • Operating Expense: 74670.00
  • Other Expense Description: See OM
  • Other Income1: 5880.00
  • Other Income Description: RUBS Income
  • Rent Control: Yes
  • Total Expenses: 74670.00
  • Vacancy Allowance Rate: 5.00

Tax Info

  • New Taxes Expense: 20875.00
  • Tax Census Tract: 5752.02
  • Tax Lot: 10
  • Tax Tract Number: 3794
  • TaxOtherAnnualAssessmentAmount: 1619.00

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Agents Specializing in Cambodia Town, CA

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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
-- None Listed On Document
M & M Venture Capital Llc $1,600,000 Old Republic Title Company
Spmd Llc $1,975,000 Chicago Title
Bright Bradley C -- Fidelity National Title Com
Bright Bradley C $1,400,000 Fidelity National Title Comp
Cisneros Rufino Barraza -- Stewart Title Company
Barraza Rufino -- --
Barraza Rufino $250,000 Old Republic Title Company
Cortes Anita -- Fidelity National Title Co
Cortes Anita $175,000 Fidelity National Title Co
Western Financial Bank $179,000 American Title
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Previous Owner $1,470,000
Previous Owner Spmd Llc $1,425,000
Previous Owner Bright Bradley C $1,320,000
Previous Owner Bright Bradley C $1,120,000
Previous Owner Bright Bradley C $1,120,000
Previous Owner Cisneros Rufino Barraza $595,000
Previous Owner Cisneros Rufino Barraza $178,000
Previous Owner Barraza Rufino $650,000
Previous Owner Barraza Rufino $45,000
Previous Owner Barraza Rufino $536,900
Previous Owner Barraza Rufino $60,000
Previous Owner Barraza Rufino $388,500
Previous Owner Barraza Rufino $120,000
Previous Owner Barraza Rufino $40,500
Previous Owner Barraza Rufino $205,000
Previous Owner Cortes Anita $195,000
Previous Owner Cortes Anita $180,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
12/03/2025 12/03/25 Sold $1,600,000 -4.2% $442 / Sq Ft
09/08/2025 09/08/25 Pending -- -- --
07/14/2025 07/14/25 For Sale $1,670,000 -- $462 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2026 $28,408 $1,600,000 $750,000 $850,000
2025 $28,408 $2,095,885 $848,966 $1,246,919
2024 $27,173 $2,054,790 $832,320 $1,222,470
2023 $26,701 $2,014,500 $816,000 $1,198,500
2022 $25,061 $1,975,000 $800,000 $1,175,000
2021 $19,023 $1,471,649 $840,942 $630,707
2019 $18,751 $1,429,300 $816,000 $613,300
2018 $4,544 $266,151 $112,561 $153,590
2016 $4,199 $254,568 $108,191 $146,377
2015 $4,059 $250,745 $106,566 $144,179
2014 $4,089 $245,834 $104,479 $141,355
Source: Public Records

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW25157783

California Regional Multiple Listing Service (CRMLS)

APN: 7261-015-012

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